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India’s electric vehicle market to hit USD 238 billion by 2030

India, News

India’s electric vehicle (EV) market is on the cusp of a major transformation, with a projected growth to USD 238 billion by 2030. According to the latest “Electrify30: The Future of Mobility” report by Praxis Global Alliance, the nation’s EV ecosystem is expected to expand at a remarkable compound annual growth rate (CAGR) of 38% over the next decade. This growth is being fueled by a combination of proactive government policies, increased consumer awareness, and…

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China files WTO complaint over EU tariffs on electric vehicles

Global, News

The Chinese government has filed a complaint with the World Trade Organisation (WTO) in response to the European Union’s (EU) imposition of tariffs on electric vehicles (EVs) made in China. The provisional tariffs, ranging from 17.4% to 37.6%, come on top of an existing 10% duty on Chinese auto imports. The EU argues that Chinese EV manufacturers benefit unfairly from government subsidies, enabling them to sell vehicles at artificially low prices, a claim China disputes….

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Delhi mandates replacement of CNG Gramin Sewa vehicles with electric models

India, News

Sewa vehicles, registered under the 2010-11 scheme, with electric vehicles (EVs). This move is part of the city’s efforts to promote cleaner and more sustainable transportation. Gramin Sewa, introduced in 2011, allows three-wheelers to carry up to six passengers and operate in rural areas and resettlement colonies. The transport department’s order specifies that new electric Gramin Sewa vehicles must have a maximum seating capacity of six passengers plus a driver and be approved by the…

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Tata Motors, Tata Power to roll out 200 fast chargers for electric commercial vehicles

India, News

Tata Power EV Charging Solutions Limited, a subsidiary of Tata Power Renewable Energy Limited, has signed a Memorandum of Understanding (MoU) with Tata Motors to establish 200 fast-charging stations for electric commercial vehicles across major metropolitan cities, including Mumbai, Delhi, Chennai, Bengaluru, and Kolkata.   As part of the initiative, Tata Motors and Tata Power will offer exclusive charging tariffs to Tata Motors’ electric commercial vehicle owners, reducing operational costs and enhancing profitability. The planned expansion…

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Himachal Pradesh unveils plan for 100% electric public transport by 2025

India, News

Himachal Pradesh is set to fully electrify its public transport system, with Chief Minister Sukhvinder Sukhu announcing a plan to convert the Himachal Road Transport Corporation (HRTC) fleet to 100% electric by March 2025.  The transition to electric vehicles aims to reduce the environmental impact and improve HRTC’s financial performance, positioning it as a key player in sustainable transport across Himachal Pradesh’s challenging terrain.

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Union Cabinet approves PM E-DRIVE Scheme with Rs 109 billion outlay to boost electric mobility

India, News

The Union Cabinet has approved the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme, with a Rs 109 billion budget over two years, aimed at accelerating electric mobility in India. The scheme provides Rs 36.79 billion in subsidies for electric two-wheelers (e-2Ws), three-wheelers (e-3Ws), ambulances, trucks, and other emerging EVs, targeting 2.479 million e-2Ws, 316,000 e-3Ws, and 14,028 e-buses. Buyers will receive demand incentives through an Aadhaar-authenticated e-voucher system. Key allocations include…

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EaseMyTrip ventures into electric bus manufacturing with new subsidiary

India, News

Leading online travel platform EaseMyTrip.com is entering the electric vehicle (EV) market through its new subsidiary, Easy Green Mobility, focusing on electric bus manufacturing. This move comes as the Indian electric bus market is projected to grow at a 24% CAGR from 2024 to 2030. Easy Green Mobility will develop advanced electric buses equipped with cutting-edge technology and long-range battery systems. Another EaseMyTrip subsidiary, YoloBus, will handle the operational side of these buses. The company…

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Karnataka leads India in EV charging stations, boosting electric mobility

India, News

Karnataka has emerged as a leader in India’s electric vehicle (EV) revolution, with the highest number of public EV charging stations in the country, according to the Bureau of Energy Efficiency (BEE). The state has set up 5,765 charging stations, with 85% (4,462) located in Bengaluru Urban district, surpassing other states like Maharashtra (3,728 stations), Uttar Pradesh (1,989 stations), and Delhi (1,941 stations). These charging stations have been established through various funding sources, including the…

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TVS Motor targets global expansion of electric two-wheelers, sees India as key export hub

India, News

TVS Motor Company plans to boost sales of its electric vehicles in both developed and developing markets, betting on India’s potential to become a major export hub for electric two-wheelers. The company aims to leverage its facility in Indonesia to serve nearby ASEAN markets, where it began selling its electric scooter, the TVS iQube, last year. In the first quarter of the current fiscal year, TVS sold 52,000 electric two-wheelers, up from 39,000 units in…

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TI Clean Mobility gears up for expansion in electric three-wheeler market

India, News

TI Clean Mobility (TICMPL) is actively expanding its electric three-wheeler business, with plans to introduce two new products in the coming months and expand its dealer network in the northern and eastern regions—key markets for electric passenger autos. The company is employing location-specific strategies to increase market share and boost sales volumes. TICMPL is also preparing for new product launches in the cargo and e-rickshaw segments, scheduled for this and the next quarters. As part…